FY2025 EPS Estimates for Aecon Group Lifted by Stifel Canada

Key Points

• Stifel Canada has raised its FY2025 earnings estimates for Aecon Group from $0.12 to $0.29 per share, reflecting increased confidence in the company's performance.
• Aecon Group recently declared a quarterly dividend of $0.19 per share, resulting in an annualized yield of 3.1%, despite a high dividend payout ratio of 180.95%.
• The stock's market cap is approximately C$1.58 billion, with a recent share price of C$24.85, marking a 12-month range between C$15.21 and C$29.70.

Aecon Group Inc. (TSE:ARE - Free Report) - Stifel Canada increased their FY2025 earnings estimates for shares of Aecon Group in a report released on Sunday, October 5th. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $0.29 per share for the year, up from their previous estimate of $0.12. The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share. Stifel Canada also issued estimates for Aecon Group's FY2026 earnings at $0.96 EPS and FY2027 earnings at $1.67 EPS.

ARE has been the subject of several other reports. Desjardins reduced their price target on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. CIBC boosted their target price on shares of Aecon Group from C$24.00 to C$29.00 and gave the company an "outperform" rating in a research report on Monday. Canaccord Genuity Group boosted their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Finally, National Bankshares boosted their price objective on shares of Aecon Group from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$24.91.

Aecon Group Trading Down 0.8%

Shares of TSE:ARE opened at C$24.85 on Wednesday. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$29.70. The stock has a market cap of C$1.58 billion, a PE ratio of 59.17, a P/E/G ratio of 18.18 and a beta of 1.48. The business has a 50 day moving average of C$21.60 and a 200-day moving average of C$19.63. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group's dividend payout ratio (DPR) is 180.95%.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.